If you close an old credit account, your credit score might:Correct Answer: Decrease due to lower average account age ! Other People SaidImmediately increase significantly: 85 Decrease due to lower average account age: 1001 Be unaffected in all cases: 81 Next Question: What does it mean to refinance a loan?Taking a break from paying itConsolidating debts without changing termsReplacing an existing loan with a new loan, often at a lower interest rate
